Texas Finance Code - Section 66.101. Intervention For Violations And Unsafe And Unsound Practices
Legal Research Home >
Texas Lawyer > Finance Code > Texas Finance Code - Section 66.101. Intervention For Violations And Unsafe And Unsound Practices
§ 66.101. INTERVENTION FOR VIOLATIONS AND UNSAFE AND
UNSOUND PRACTICES. The commissioner may intervene in the affairs
of an association if the association or a person who participates in
the affairs of the association or a subsidiary of the association:
(1) engages in or is about to engage in an unsafe and
unsound practice in conducting the affairs of the association; or
(2) violates or is about to violate:
(A) the articles of incorporation or bylaws of
the association;
(B) a law or supervisory order applicable to the
association; or
(C) a condition that the commissioner or the
finance commission has imposed on the association by written order
or agreement.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 65.107 66.001 66.002 66.051 66.052 66.053 66.054 66.101 66.102 66.103 66.104 66.105 66.106 66.107 66.108
Last modified: August 10, 2007
|
